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As the Aug. 1, 2025, end date for President Donald Trump's most recent suspension of country-specific reciprocal tariffs approaches, stakeholders should consider where ongoing bilateral negotiations stand, what the potential...more
President Trump continues to issue letters to countries notifying them of the tariff rates they will be subject to come August 1. For the United States’ most important trading partners, Canada, Mexico and the EU, this means...more
The total number of Canadian M&A deals declined in the second quarter of 2025 as tariff disruption and uncertainty hampered dealmaking activity. However, the overall value of announced Canadian deals was up considerably in...more
The Trump Administration has given a temporary reprieve on tariffs for two of its primary trade partners, Mexico and Canada, extending the suspension until April 2nd. Goods exempt from tariffs during this period include those...more
Last week, the Trump administration sent letters to some of the country’s largest trading partners threatening to impose new tariff rates unless agreements were reached before Aug. 1. While the rates for each country vary,...more
President Trump Announces Higher Tariff Rates Effective August 1st- After announcing an extension of the reciprocal tariff rates from July 9, 2025, to August 1,2025, President Trump published letters which were sent to...more
Uncertainty around the reciprocal tariffs continues to abound as President Trump has extended the deadline for the imposition of the country-specific reciprocal tariffs while at the same time notifying certain countries of...more
The news of trade negotiations – those that have succeeded and those that are faltering – continues to come in as we are a week away from the country-specific reciprocal tariffs coming into effect. Today, President Trump...more
Welcome to Industrials Regulatory News and Trends. In this regular bulletin, DLA Piper lawyers provide concise updates on key developments in the industrials sector to help you navigate the ever-changing business, legal, and...more
We are two weeks away from the country-specific reciprocal tariffs coming into effect, and the Trump Administration is still continuing to engage in trade talks with around 20 countries. With these negotiations ongoing, it is...more
We continue to follow the U.S.-Canada trade dispute, in the context of the changing global trade situation, and will continue to update the following as required. This post updates the situation to include (i) the U.S....more
On February 1, 2025, President Trump issued Executive Order 14193, “Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border,” (the “Canada Tariff EO”), rattling Northeastern policymakers and market...more
The “reciprocal” tariffs announced on April 2nd, 2025, by the Trump administration to address what Trump declared a "large and persistent U.S. trade deficit," were one of the largest shocks to the international trade industry...more
As of June 19, 2025, U.S. import tariffs vary widely depending on the product and country of origin. Goods from China face layered duties, including Section 301 tariffs ranging from 7.5% to 100% (with electric vehicles hit...more
With less than a month until the reciprocal tariffs are scheduled to snap into effect, foreign governments continue to pursue negotiations with the Trump Administration around individual country tariff rates. On Monday, June...more
President Trump said today that his administration reached a tentative agreement on a trade truce with China following talks between the two sides in London. According to the President, the tentative agreement will result in...more
Provided below is a status update and summary of tariffs that have been implemented since February 1, 2025, and its impacts on imports from multiple countries. IEEPA (Fentanyl) Tariffs - IEEPA tariffs were announced on...more
On May 28, 2025, the United States’ Court of International Trade (CIT) struck down the President’s use of the International Economic Emergency Powers Act (IEEPA) to impose tariffs. This includes tariffs imposed on Canada,...more
On May 28, 2025, the U.S. Court of International Trade (CIT) ruled that President Trump lacks authority under the International Emergency Economic Powers Act (IEEPA) to impose his most sweeping tariffs against U.S. trading...more
Late on the afternoon of June 3, the President issued a proclamation to increase from 25% to 50% the section 232 tariffs on articles and derivatives of steel and aluminum, effective at 12:01 am on June 4. While this official...more
Almost as soon as they were vacated by the Court of International Trade (“CIT”), President Trump's reciprocal tariffs and trafficking-related tariffs on China, Canada and Mexico, all of which were issued under the...more
On June 4, 2025, the Trump Administration doubled tariffs on imported steel and aluminum from 25% to 50%, the same day as its deadline for trading partners to give their “best offer” in bids to avoid import tax rates on other...more
In a stunning turn of events for the Trump Administration’s trade policy, today, May 28, the Court of International Trade vacated President Trump's reciprocal tariffs and trafficking-related tariffs on China, Canada and...more
In the last week, the winds of change have calmed a bit on what has been a tumultuous sea of tariffs over the last four months. The Trump Administration has announced no new tariff measures, and no new investigations of...more